Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Guatemala - 2023

Contents:

  1. Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Guatemala (CIF) - 2022
  2. Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Guatemala (FOB) - 2022
  3. Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in Guatemala
  4. Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in Guatemala

Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Guatemala (CIF) - 2022

The average import price for seed; vegetable seed, of a kind used for sowings stood at $9,660 per ton in 2022, reducing by -6.3% against the previous year. In general, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2013 when the average import price increased by 50%. The import price peaked at $65,266 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($29,992 per ton), while the price for New Zealand ($2,203 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Guatemala (FOB) - 2022

The average export price for seed; vegetable seed, of a kind used for sowings stood at $331,029 per ton in 2022, with an increase of 24% against the previous year. Overall, the export price posted a tangible expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 100%. Over the period under review, the average export prices reached the peak figure at $417,361 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($1,582,320 per ton), while the average price for exports to El Salvador ($38,476 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in Guatemala

Imports of seed; vegetable seed, of a kind used for sowings into Guatemala rose markedly to 1.8K tons in 2022, picking up by 13% on the previous year. The total import volume increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of seed; vegetable seed, of a kind used for sowings expanded rapidly to $17M in 2022. The total import value increased at an average annual rate of +8.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 10% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Seed; Vegetable Seed, of A Kind Used for Sowing in Guatemala (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States5.25.85.95.94.3%
South AfricaN/AN/A0.31.3333.3%
Netherlands7.07.44.01.3-42.9%
ChileN/AN/A0.81.137.5%
New ZealandN/AN/A0.41.1175.0%
ChinaN/AN/A0.71.042.9%
Thailand0.30.20.80.838.7%
VietnamN/AN/A0.10.6500.0%
AustraliaN/AN/A0.10.5400.0%
Argentina0.1N/A0.20.571.0%
Belgium0.30.20.50.30.0%
Mexico0.20.20.20.20.0%
Costa Rica0.10.30.6N/A144.9%
Others0.50.82.12.979.7%
Total13.715.116.617.58.5%

Top Suppliers of Seed; Vegetable Seed, of A Kind Used for Sowing to Guatemala in 2022:

  1. United States (664.1 tons)
  2. New Zealand (485.5 tons)
  3. Belgium (113.6 tons)
  4. Thailand (108.0 tons)
  5. China (65.7 tons)
  6. South Africa (58.4 tons)
  7. Netherlands (45.4 tons)
  8. Australia (41.9 tons)
  9. Vietnam (39.4 tons)
  10. Chile (38.2 tons)
  11. Mexico (32.0 tons)
  12. Argentina (31.6 tons)

Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in Guatemala

In 2022, after three years of growth, there was significant decline in shipments abroad of seed; vegetable seed, of a kind used for sowings, when their volume decreased by -10.7% to 35 tons. The total export volume increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. As a result, the exports reached the peak of 40 tons, and then declined in the following year.

In value terms, exports of seed; vegetable seed, of a kind used for sowings expanded rapidly to $12M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +26.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +100.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 65% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Export of Seed; Vegetable Seed, of A Kind Used for Sowing in Guatemala (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands1.94.76.46.953.7%
Honduras1.51.31.51.3-4.7%
El Salvador0.60.80.90.810.1%
Costa Rica0.30.10.20.518.6%
United States0.60.60.10.3-20.6%
Belize0.10.30.30.226.0%
Panama0.2N/A0.20.1-20.6%
Nicaragua0.30.20.10.1-30.7%
Others0.31.70.91.674.7%
Total5.99.710.611.725.6%

Top Export Markets for Seed; Vegetable Seed, of A Kind Used for Sowing from Guatemala in 2022:

  1. El Salvador (20.5 tons)
  2. Honduras (5.2 tons)
  3. Netherlands (4.4 tons)
  4. Costa Rica (2.0 tons)
  5. Belize (1.0 tons)
  6. Nicaragua (0.5 tons)
  7. United States (0.4 tons)
  8. Panama (0.2 tons)

Source: IndexBox Market Intelligence Platform

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